How I Made $2,000,000 in the Stock Market
| Author | : | |
| Rating | : | 4.24 (530 Votes) |
| Asin | : | B00AZMXXOI |
| Format Type | : | |
| Number of Pages | : | 600 Pages |
| Publish Date | : | 2014-07-25 |
| Language | : | English |
DESCRIPTION:
"An Interesting and Realistic Read on Investing" according to Paul Richard. This book recounts the author's trading experiences from the late 1950s to 1960. The first half of the book is almost all failure and I'm surprised he kept with it. However, he kept trying to pursue an early success he had on a fluke that doubled his money. Even 50 years later his eventual process of picking stocks makes sense and may work for people, but I'm not a trader and prefer the safer and more tame mutual funds f. The Dancer Turned Trader Amazon Customer A very applicable story about someone who worked hard for his money. Nicolas Darvas is humble in his storytelling approach in whoch he acknowledges his ignorance during his early years of trading. He was a dancer who started investing in stocks first as a hobby which grew into an obsession.It took him five years to make his two million, and is inspiring to anyone who is self teaching themselves about the markets, since D. "Every Investor and Trader Should Have This Book" according to Clarence Oliver. I'm new to investing and trading, I will admit it, I've been doing it for a few months now, and I started with only a thousand dollars, even though Darvas once said that if you don't have five thousand you shouldn't even step in--though I'd say that was probably because the cost of the commission made it so much more difficult. I've read this book four times, once out loud to my mother who has also opened an account, and
His main source of stock selection was Barron's Magazine. Hungarian by birth, Nicolas Darvas trained as an economist at the University of Budapest. He was utterly surprised that the stocks continued to rise and subsequently sold them to make a large profit. During his off hours as a dancer, he read some 200 books on the market and the great speculators, spending as much as eight hours a day studying. Reluctant to remain in Hungary until either the Nazis or the Soviets took over, he fled at the age of 23 with a forged exit visa and fifty pounds sterling to stave off hunger in Istanbul, Turkey. Darvas invested his money into a couple of stocks that had been hitting their 52-week high. At the age of 39, after accumulating his fortune, Darvas documented his techniques in the book, How I Made 2,000,000 in the Stock Market. The book describes his unique "Box System", which he used to buy and sell stocks. Darvas' book remains a classic stock market text to this day.